Ukraine to face worsening of trade and economic relations with Russia – P.Sheremeta

Pavlo Sheremeta, Minister of Economical Development and Trade of Ukraine, forecasted that after signing of the economic part of the Association Agreement with the European Union, Ukraine should prepare for further worsening of trade and economic relations with Russia.

It is obvious that in the short-term outlook, Ukraine needs to prepare for imposition of specific limiting measures and barriers by the Russian party, said the Minister.

According to him, Ukraine is ready to negotiate with Russia all possible problematic issue in trade relations.

Also, he noted that Russia has some anxiety about signing of the Association Agreement between Ukraine and the EU, but the Ukrainian and European parties believe that "these concerns are largely vain”.

In addition, P.Sheremeta noted in the future Russia will come on the European market, as it is larger in 4-5 times compared with its domestic market.